JP Morgan scoops BASF CB tap with aggressive backstop

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JP Morgan scoops BASF CB tap with aggressive backstop

BASF workers from corp media gallery credit to BASF SE 230x150

JP Morgan made an aggressive manoeuvre in the equity-linked bond market on Tuesday night by placing a $250m tap of BASF’s innovative bond with warrants, having outbid other banks, including Deutsche Bank, which had structured and led the original deal.

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